Sumitomo Chemical India has received in- principle approval for winding up/ otherwise closing down Excel Crop Care (Europe) N.V., Belgium, a subsidiary of the company. Excel Crop Care (Europe) N.V., is an unlisted ‘non material’ subsidiary in which the company holds 99% of the equity share capital.
The proposed winding up/closure of Excel Crop Care (Europe) N.V. is not likely to impact the business, commercial activities, financial position and financial statement of the company/ group in any material manner.
Sumitomo Chemical India (SCIL) manufactures, imports and markets products for Crop Protection, Grain Fumigation, Rodent Control, Bio Pesticides, Environmental Health, Professional Pest control and Feed Additives for use in India.
